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Sep 29, 2013
09/13
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the former president sounding off on everything from debt ceiling drama to dealing with iran and russia. does he see a resolution to any of this soon? we'll find out. >>> business school students making the grade with innovative solutions to addressing food and security. you won't believe what they have come up with. >> it's actually quite simple to do. >> as we take a break, take a look at how the stock market ended the week. back in a moment. >>> when former president bill clinton speaks we all listen. i caught up with mr. clinton at his annual clinton initiative in new york. he wasn't afraid to talk politics. he said it would be disasterous for washington if they permitted a government shutdown. >> when you do it now people are hoping to goodness these market trends are positive and looks like we're really coming out of this. investors from overseas will think we're three bricks out of a full load. if you were an investor in asia or europe, you'd be more reluctant in the future to invest in our country if we pull a stunt like this. >> what do you think the deal should be? what should
the former president sounding off on everything from debt ceiling drama to dealing with iran and russia. does he see a resolution to any of this soon? we'll find out. >>> business school students making the grade with innovative solutions to addressing food and security. you won't believe what they have come up with. >> it's actually quite simple to do. >> as we take a break, take a look at how the stock market ended the week. back in a moment. >>> when former...
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Oct 8, 2013
10/13
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what i've said about the debt ceiling deal is just this. we ought to tie spending reductions in a plan to reduce the deficit with the debt ceiling. every major spending reduction deal of the last 30 years has been done with the debt ceiling. the president is the one that is saying he wants to change that trend, and do this entire debt ceiling proposal without any efforts. >> with all due respect sir, the democrats have come down to about the paul ryan spending number. what you just talked about, the compromises you want, are still on the affordable care act, which are not about spending. that is a settled policy. you're still tying the affordable care act to raising the debt ceiling. you just did it. >> no, i mean, i -- you're -- i'm not -- we've got two issues here. the continuing resolution, the proposals i talked to about the affordable care act are connected with the continuing resolution. what i've told you with the debt ceiling is that we ought to focus on bringing spending reductions to the table like we have done with every major --
what i've said about the debt ceiling deal is just this. we ought to tie spending reductions in a plan to reduce the deficit with the debt ceiling. every major spending reduction deal of the last 30 years has been done with the debt ceiling. the president is the one that is saying he wants to change that trend, and do this entire debt ceiling proposal without any efforts. >> with all due respect sir, the democrats have come down to about the paul ryan spending number. what you just talked...
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Sep 29, 2013
09/13
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ceiling drama to dealing with iran and russia. and we'll find out his response. >>> and later, making the greatest of global initiative with interests in food and security. jiminy cricket, you wouldn't believe what they came up with. >>> yes, it is actually quite simple to do. >>> and the stock market numbers coming up. back in a moment. we asked people, "if you could get paid to do something you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪ [ engine revs, tires squeal ] [ male announcer ] since we began, mercedes-benz has pioneered many breakthroughs. ♪ breakthroughs in design... breakthroughs in safety... in engineering... and technology. and now our latest creation breaks one more barrier. introducing the cla. sta
ceiling drama to dealing with iran and russia. and we'll find out his response. >>> and later, making the greatest of global initiative with interests in food and security. jiminy cricket, you wouldn't believe what they came up with. >>> yes, it is actually quite simple to do. >>> and the stock market numbers coming up. back in a moment. we asked people, "if you could get paid to do something you really love, what would you do?" ♪ [ woman ] i'd be a...
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Jan 10, 2013
01/13
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hi to deal with the battles all the time with congress and negotiating. seven debt ceiling raises. white was just sort of -- everyone understood it would get raised and it was a time to remind people how big the debt was and nobody really took it seriously, press release. it was useful for that. once people started taking it seriously and said we are going to think about not paying the debt it bill absurd and it is -- it is absurd and it needs to be -- needs to go away or congress just needs to understand that that's the only use of it. a coin isn't going to solve that problem. looking at a darn corners of the constitution will not solve that problem. >> what is -- you know, the problem -- that -- republicans seem to have is it the leadership sort of knows that they really shun be playing politics of the debt ceiling. but the rank and file, they don't want any part of that. they want to play politics. >> this is the problem. this is my problem with people who are spending a lot of time, smart people. friends of ours who are spending a lot of time talking about the kooky ideas. you
hi to deal with the battles all the time with congress and negotiating. seven debt ceiling raises. white was just sort of -- everyone understood it would get raised and it was a time to remind people how big the debt was and nobody really took it seriously, press release. it was useful for that. once people started taking it seriously and said we are going to think about not paying the debt it bill absurd and it is -- it is absurd and it needs to be -- needs to go away or congress just needs to...
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Jan 20, 2013
01/13
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with the debt ceiling. and finally, we're told that the president will push to get the public engaged, engaged in their community, engaged in the issues to put pressure on congress to move the president's initiatives forward, john. this is seen as sort of the stage one or the act one, part two will be the president's state of the union address where he'll add more details to his proposals. >> you split it into acts there, dan, appropriate because we saw the president today, the swearing-in ceremony, but because this is a sunday, we saw him only briefly in the blue room. how has he been spending the rest of the day, and what are his plans for this evening? >> reporter: this evening within this hour, the president will be heading to the building museum for a candlelight reception there. he will be making remarks, but much of the day, you know, was quite busy earlier in the day, then had some down time. the president's still working on his speech. we're told that he's in the final stages. he did a lot of it on
with the debt ceiling. and finally, we're told that the president will push to get the public engaged, engaged in their community, engaged in the issues to put pressure on congress to move the president's initiatives forward, john. this is seen as sort of the stage one or the act one, part two will be the president's state of the union address where he'll add more details to his proposals. >> you split it into acts there, dan, appropriate because we saw the president today, the...
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Jan 16, 2013
01/13
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the fiscal cliff and sandy relief votes do provide a template for how, by the way, the debt ceiling might ultimately get raised. on the tax deal, house republican leaders had political cover from senate republicans. on sandy, chris christie provided the political cover, leaving house leaders, frankly, cowering. now the kotch brothers, through a group they backed, called americans for prosperity, are the latest to give boehner and other house leaders cover on the debt ceiling, as they get their rank and file to pick other political fights. tim phillips, president of americans for prosperity, told the financial times, quote, we're saying calibrate your message, focus on long-term spending instead of long-term debt. focusing on the debt ceiling makes the message more difficult. when i asked walden about the debt ceiling yesterday, he was clearly noncommittal, hinting on where the republican leadership maybe is on this. if there's not a majority in the house republican to raise the debt limit, but there is a majority in the house of representatives to raise a clean debt limit, would this lead
the fiscal cliff and sandy relief votes do provide a template for how, by the way, the debt ceiling might ultimately get raised. on the tax deal, house republican leaders had political cover from senate republicans. on sandy, chris christie provided the political cover, leaving house leaders, frankly, cowering. now the kotch brothers, through a group they backed, called americans for prosperity, are the latest to give boehner and other house leaders cover on the debt ceiling, as they get their...
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Oct 17, 2013
10/13
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ceiling is short but nonetheless it is a path. and while it has little in termses of merit, it gives a great deal, i believe, in terms of hope that we can go to the table and have this negotiation about what budget should be for our country. m pleased that we have our team, our assistant leader, jim clyburn, our ranking member on the budget committee, chris van hollen, and the ranking member on appropriations committee nita lowey, representing the with the ur country charge from our caucus. to grow the economy, create jobs, reduce the deficit in a responsible way as we go forward. now what i would hope would happen, because we said do they know? do they care? let's assume they care. as an appropriator, i've been forged as an appropriator in the congress of the united states and you have to, working in a bipartisan way and where you have most -- much of the time you're in agreement but where you have disagreements, we always said let's stipulate to a number. let's stipulate to a set of facts. and what seems to be missing now in the
ceiling is short but nonetheless it is a path. and while it has little in termses of merit, it gives a great deal, i believe, in terms of hope that we can go to the table and have this negotiation about what budget should be for our country. m pleased that we have our team, our assistant leader, jim clyburn, our ranking member on the budget committee, chris van hollen, and the ranking member on appropriations committee nita lowey, representing the with the ur country charge from our caucus. to...
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you can also have a short-term deal not only with the continuing resolution but also the debt ceiling deal. the question, this is always a fundamental question and this is why i'll now take the glass half empty part is that house republicans still are opposed to this. the conservative ban that has been driving this train. >> if they took the vote, i mean, boehner is the only person who can call for the vote. >> speaker of the house. >> why doesn't he do it? >> i think the large part of the analysis is he thinks that if he does this that the house republican conservatives that -- the base, the rank and file, would abandon him. he might end up losing his speakership over it. i think that is the dilemma and that's how he's boxed in here. >> it looks islelike over in the senate the democrats are turning their attention to the debt ceiling now. are they giving up on the shutdown figuring we'll leave it to the conservatives in the house? >> part of it is the clock is now ticking. i don't think they're giving up on the shutdown but the clock is ticking on the debt ceiling and they're trying
you can also have a short-term deal not only with the continuing resolution but also the debt ceiling deal. the question, this is always a fundamental question and this is why i'll now take the glass half empty part is that house republicans still are opposed to this. the conservative ban that has been driving this train. >> if they took the vote, i mean, boehner is the only person who can call for the vote. >> speaker of the house. >> why doesn't he do it? >> i think...
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Sep 24, 2013
09/13
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is the big deficit deals, the deals that get done on these budget fights, the debt ceiling usually is the impetus for negotiation? >> well, i can tell you we're running a great risk here. we're in economic recovery, creating jobs. if we create a question as to whether or not the full faith and credit of the united states can be counted on, it's going to cost us dearly. i just think playing these doomsday scenarios of shutting down the government, failing to extend the debt ceiling, for a handful of republican leaders that may sound like good politics, but for most responsible leaders in both political parties it's exactly the wrong way to go. >> it seems to me the most likely scenario in all these hoedowns you guys are having, political showdowns, budget, debt ceiling, sequestration coming up, and i apologize for using that term, but the idea of freezing some of these spending levels, is all of this going to continue to be two month and three-month punts where you guys just -- you get to the brink, you don't actually shut down, there's no defall, but what you pass is sort of a three m
is the big deficit deals, the deals that get done on these budget fights, the debt ceiling usually is the impetus for negotiation? >> well, i can tell you we're running a great risk here. we're in economic recovery, creating jobs. if we create a question as to whether or not the full faith and credit of the united states can be counted on, it's going to cost us dearly. i just think playing these doomsday scenarios of shutting down the government, failing to extend the debt ceiling, for a...
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Oct 7, 2013
10/13
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ceiling deal. >> in my view the debt ceiling, we should look for three things. number one, we should look for some significant structural plan to reduce government spending. number two, we should avoid new taxes and number three, look for ways to mitigate the harms from obama care. >> you think that some facet of the president's health care plan should be attached to an increase in the debt ceiling? >> the debt ceiling historically has been among the best leverage that congress has to reign in the executives -- >> so, yes? >> yes, yes. >> wow. cruz was backed up by fellow shutdown supporter florida congressman ted yoho, you're seeing the tremor before the tsunami here, i'm not going to raise the debt ceiling and added, i think personally think it would bring stability to the world markets. wow. a check on the markets show they are all down. jonathan allen at the "washington post," the "washington post" bureau chief at politico is up right now. ted cruz seems to be doubling down in the insanity and telling us this thing is nowhere near over? >> your words not min
ceiling deal. >> in my view the debt ceiling, we should look for three things. number one, we should look for some significant structural plan to reduce government spending. number two, we should avoid new taxes and number three, look for ways to mitigate the harms from obama care. >> you think that some facet of the president's health care plan should be attached to an increase in the debt ceiling? >> the debt ceiling historically has been among the best leverage that...
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Jan 20, 2013
01/13
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we just heard the house republicans are going to try to negotiate a short-term debt ceiling deal so they can try to go for a grand bargain. second-term presidencies have just been spent and filled with misspent political capital that has just eoverreach in terms of presidents looking for a legacy and overspending their political capital. that's the risk president obama -- >> interesting in this cnn poll that just come out, how is president obama handling his job as president, approve 53%, disapprove 42%. but when they are asked how is the country headed, right direction 35%, wrong direction, 57%. they approve of the president but think he's going completely in the wrong direction. he's a lucky boy, many would argue, that he's gotten a second term, given the state of the economy, given the fact that most americans think the country is going in the wrong direction. he's been given that lucky second chance. and he campaigned well. you have to give him that. what are his challenges in the second term? >> the first thing every president has to be careful of in a second term, as margaret allud
we just heard the house republicans are going to try to negotiate a short-term debt ceiling deal so they can try to go for a grand bargain. second-term presidencies have just been spent and filled with misspent political capital that has just eoverreach in terms of presidents looking for a legacy and overspending their political capital. that's the risk president obama -- >> interesting in this cnn poll that just come out, how is president obama handling his job as president, approve 53%,...
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Oct 15, 2013
10/13
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i would hope that they would bring a debt ceiling deal clean, a cr clean and let's order the negotiations for a budget by december 13th. all these things are fine with us, but these other extraneous things, i'm not too sure that democrats are going to be for that. >> sir, let's talk about those calendar dates that we've been talking about this morning. senator, i know that the president had earlier said that he wanted the senate democrats to come up with a one-year proposal for the debt ceiling. meanwhile all this has been mashed together with the shutdown and so we've got the debt ceiling looming, we're in government shutdown mode but the senate gop has postponed their meeting coming up today at 12:30 eastern time. if this deal gets done and the president signs it and as the congressman brings up, the senate deal keeps the government funded until january 15th, raises the debt limit until february 7th and could resolve through this special committee by december 13th where proper cuts could come in, isn't this just an extension of kicking the can down the road and we end up where we are 90
i would hope that they would bring a debt ceiling deal clean, a cr clean and let's order the negotiations for a budget by december 13th. all these things are fine with us, but these other extraneous things, i'm not too sure that democrats are going to be for that. >> sir, let's talk about those calendar dates that we've been talking about this morning. senator, i know that the president had earlier said that he wanted the senate democrats to come up with a one-year proposal for the debt...
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Jan 5, 2013
01/13
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today's weekly address, the debt ceiling. >> one thing i will not compromise over is whether or not congress should pay the tab for a bill they already wracked up. if congress refuses to give the united states the ability to pay its bill on time, consequences for the entire global economy could be catastrophic. >> meanwhile, during a closed door meeting on friday, john boehner told members of the gop conference he plans to use the upcoming battle over raising the debt ceiling as leverage for more spending cuts. insiders on capitol hill have been told to prepare for chuck hag hagel's nomination for defense secretary. at the same time, a white house spokesperson says the president has not made a final decision yet. congress passed a hurricane sandy relief bill that provides 9.7 billion to the national flood insurance program, nearly out of money, republican leadership took heat from both parties. the house is set to vote on additional sandy aid. worth nearly $52 billion on january 15th. the senate is recessed until the 21st. >>> president obama and the fi
today's weekly address, the debt ceiling. >> one thing i will not compromise over is whether or not congress should pay the tab for a bill they already wracked up. if congress refuses to give the united states the ability to pay its bill on time, consequences for the entire global economy could be catastrophic. >> meanwhile, during a closed door meeting on friday, john boehner told members of the gop conference he plans to use the upcoming battle over raising the debt ceiling as...
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Oct 11, 2013
10/13
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ceiling deal has sent stocks sky rocketing. ainsley, such a good day yesterday. republicans say they want to extend the government's ability to borrow six more weeks. stocks rally. we are talking the biggest point game for the entire year. the blue chip adding 320 points. the s&p that00 are likely have in your money market. of the stocks that make up the s&p, just 11 were lower. nasdaq rising 2 and a quarter percent yesterday. rally in a big way. you can call the reaction relief rally or optimism they will get a an agreement but investors were exhaling as they watched money on the side lines this week pour back into the market. there's a measure that shows how nervous investors have been. that fell sharply just 24-hours prior. so the rest of the world markets are following the u.s. stock market higher and our futures this morning indicate that today could be another good day. >> we will take it. >>> president obama finally signs a bill to tapay death benefits to soldiers during the government shut down. they said the bill was n
ceiling deal has sent stocks sky rocketing. ainsley, such a good day yesterday. republicans say they want to extend the government's ability to borrow six more weeks. stocks rally. we are talking the biggest point game for the entire year. the blue chip adding 320 points. the s&p that00 are likely have in your money market. of the stocks that make up the s&p, just 11 were lower. nasdaq rising 2 and a quarter percent yesterday. rally in a big way. you can call the reaction relief rally...
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Jan 8, 2013
01/13
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i agree with you, a deal was made on sequestration in order to get the debt ceiling. should have to live with it. >> now this -- >> a deal is a deal. >> right. >> this sequestration -- this spending cut today was done a year ago and they raised the debt ceiling. they're a year behind. and you work for bill clinton. and i am an admirer of many of bill clinton's economic policies. bill clinton, gingrich, a handshake was a handshake. they said they cut spending, they cut spending. they said they'd reform welfare, they reformed welfare. these guys, it's like a floating crap game. i can't figure out who's on first and the money is going into which sewer. >> i do think ultimately it's not going to be the debt ceiling. that's one where congress almost by definition is going to lose. it's a poor place to have this discussion. it's going to happen in and around sequestration. and you made a point earlier about the fact why don't the republicans come up with a clear idea and clear frame. i think that applies to both democrats or republicans and i would submit the first side tha
i agree with you, a deal was made on sequestration in order to get the debt ceiling. should have to live with it. >> now this -- >> a deal is a deal. >> right. >> this sequestration -- this spending cut today was done a year ago and they raised the debt ceiling. they're a year behind. and you work for bill clinton. and i am an admirer of many of bill clinton's economic policies. bill clinton, gingrich, a handshake was a handshake. they said they cut spending, they cut...
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Jan 8, 2013
01/13
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but we managed to do both budget and debt ceiling deals before. we've done a fiscal cliff deal. we need to give ourselves breathing space but that's going to take really serious spending cuts from the administration. those things are on the table, not just through the debt ceiling and through sequester and continuing resolution, i would hope the president put things on the table that he put on there in the summer of 2011 and more recently things like to change like looking at raising gradually rates of eligibility and means testing. there's really important structural changes that need to happen to give the country fiscal stability. but the aadministration will have to stand up to its own party and produce bold ideas and frankly be willing to work with republicans to get the job done. >> one thing i want to show everybody is politico having this front page profile, the hell no caucus, backed up by the conservative group the club for growth. congressman from arkansas cotton saying, that he would have voted both speaker boehner plan b on millionaires in the final tax hike and vowe
but we managed to do both budget and debt ceiling deals before. we've done a fiscal cliff deal. we need to give ourselves breathing space but that's going to take really serious spending cuts from the administration. those things are on the table, not just through the debt ceiling and through sequester and continuing resolution, i would hope the president put things on the table that he put on there in the summer of 2011 and more recently things like to change like looking at raising gradually...
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Oct 17, 2013
10/13
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, raise the debt ceiling. last night of course the house and senate passed a measure that would fund the government through january 15 and raise the debt limit through february 7. the president expected shortly. >> again, waiting for the president. apoorg in just a couple moments to talk about the deal reached last night between the house and senate on overcoming the government shutdown. while we wait for the president, this morning we talked with a capitol hill reporter about the impact of the government shutdown and debt ceiling deal on federal employees. from this morning's "washington journal". host: you have been around washington a little while. what are the challenges these two sides meet? guest: from the perspective i cover, the executive branch, inside workings of the government is exactly what one of the questioners put to the four budget leaders there. and that is, how do you get the federal government to be confident that this time you are going to negotiate this deal out that will keep them at wor
, raise the debt ceiling. last night of course the house and senate passed a measure that would fund the government through january 15 and raise the debt limit through february 7. the president expected shortly. >> again, waiting for the president. apoorg in just a couple moments to talk about the deal reached last night between the house and senate on overcoming the government shutdown. while we wait for the president, this morning we talked with a capitol hill reporter about the impact...
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Sep 6, 2013
09/13
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i don't see a situation he is in a better negotiating position as he tries to raise the debt ceiling and deal with the issues we knew were going to dominate this fall. >> have republicans lost -- if the president can't move this forward and he is effectively a lame duck, how do republicans work with him after that at all? >> they don't. there is no real intention within the gop caucus to do anything to move this president's agenda to be cooperative. >> the president is live from st. petersburg, russia. >> the people of russia, thank you for hosting this g-10. this city has a long and storied history, including his historic resistance and extraordinary sacrifices during the second world war, so i want to take this opportunity to salute the people of st. petersburg and express our gratitude for their outstanding hospitality. this summit marks another milestone in the world's recovery from the financial kris that erupted five years ago this month. instead of the looming threat of another financial meltdown, we are focused for the first time in many years on building upon the gains that
i don't see a situation he is in a better negotiating position as he tries to raise the debt ceiling and deal with the issues we knew were going to dominate this fall. >> have republicans lost -- if the president can't move this forward and he is effectively a lame duck, how do republicans work with him after that at all? >> they don't. there is no real intention within the gop caucus to do anything to move this president's agenda to be cooperative. >> the president is live...
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Jan 8, 2013
01/13
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and you have the debt ceiling hitting about the same time. so you have three cliffs. it's going to be a three ring cliff, a three cliff circus, whatever you want to call it, coming up very soon. and if you have this group that doesn't believe in compromise, it's going to be very hard to get through this without a lot of blood in the water. >> i hope this goes' way. anyway, thank you. the tactic ought to go away. it ought to be about building, not zproying. thank you, david corn. joan walsh, to see your smiling face, i know i'm back. >> welcome back. >> burping on that one. when we return, why i think the nomination for chuck hagel should be given. you're watching "hardball," the place for politics. ...safe driving bonus check? every six months without an accident, allstate sends a check. ok. [ voice of dennis ] silence. are you in good hands? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm go
and you have the debt ceiling hitting about the same time. so you have three cliffs. it's going to be a three ring cliff, a three cliff circus, whatever you want to call it, coming up very soon. and if you have this group that doesn't believe in compromise, it's going to be very hard to get through this without a lot of blood in the water. >> i hope this goes' way. anyway, thank you. the tactic ought to go away. it ought to be about building, not zproying. thank you, david corn. joan...
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Jan 8, 2013
01/13
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and you have the debt ceiling hitting about the same time. so you have three cliffs. it's going to be a three ring cliff, a three cliff circus, whatever you want to call it, coming up very soon. and if you have this group that doesn't believe in compromise, it's going to be very hard to get through this without a lot of blood in the water. >> i hope this goes' way. anyway, thank you. the tactic ought to go away. it ought to be about building, not destroying. thank you, david corn. joan walsh, to see your smiling face, i know i'm back. >> welcome back. >> burping on that one. when we return, why i think the nomination for chuck hagel should be given. you're watching "hardball," the place for politics. intermezzo is the first and only prescription sleep aid approved for use as needed in the middle of the night when you can't get back to sleep. it's an effective sleep medicine you don't take before bedtime. take it in bed only when you need it and have at least four hours left for sleep. do not take intermezzo if you have had an allergic reaction to drugs containing zolp
and you have the debt ceiling hitting about the same time. so you have three cliffs. it's going to be a three ring cliff, a three cliff circus, whatever you want to call it, coming up very soon. and if you have this group that doesn't believe in compromise, it's going to be very hard to get through this without a lot of blood in the water. >> i hope this goes' way. anyway, thank you. the tactic ought to go away. it ought to be about building, not destroying. thank you, david corn. joan...
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Oct 13, 2013
10/13
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if we get past the debt ceiling without a deal, even if we increase the interest rate on treasuries by one point, that's $120 billion annually. so huge costs to the real economy. there is going to be a cloud, an overhang either way, because whatever deal we get sounds like it's going to be a short-term deal. through the holidays people are going to continue to be nervous. it's going to impact investment. i can't tell you that this ends badly, but i can't tell you that it ends well. >> all right. andrew ross sorkin, i know you'll be watching. thank you for taking the time. >> thank you. >> as we look at the impact of this at the end of the week, here a poll about reelection. here's the question. would you vote to replace every member of congress if you could? 60% in our poll, 60%, said yes. chuck, you talked about it as a political depression. that is the question for all of you. are we in a political depression? >> well, when eight in ten americans say the country is headed in the wrong direction and we're not in an economic downturn -- we're not in an economic downturn. it is a fragil
if we get past the debt ceiling without a deal, even if we increase the interest rate on treasuries by one point, that's $120 billion annually. so huge costs to the real economy. there is going to be a cloud, an overhang either way, because whatever deal we get sounds like it's going to be a short-term deal. through the holidays people are going to continue to be nervous. it's going to impact investment. i can't tell you that this ends badly, but i can't tell you that it ends well. >> all...
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Sep 26, 2013
09/13
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with the debt ceiling deadline, which we know now is october 13th, according to the treasury, that is as unthinkable as delaying to a obama care, that idea is exactly as dead on arrival as ted cruz' plan is. >> right, but just step with me into the conservative world. this is the reality that john boehner is dealing with. the more rational move right now, the better decision is to actually fight for a debt limit battle, maybe even put default on the line to get concessions from the white house, you and i discussed it before. doesn't seem like the best play for the republicans, but for the speaker establishment of the republicans that seems to be the best play on the table. >> and much higher factor, orders of magnitude, running through that deadline -- precisely that reason that i think that john boehner thinks he has more leverage there. but i just can't see under any circumstances the white house negotiating towards delaying obama care, so that seems more ill-fated. thank you very much. let's turn to congressman chris van hollen, ranking member. what is the game plan here? >> well,
with the debt ceiling deadline, which we know now is october 13th, according to the treasury, that is as unthinkable as delaying to a obama care, that idea is exactly as dead on arrival as ted cruz' plan is. >> right, but just step with me into the conservative world. this is the reality that john boehner is dealing with. the more rational move right now, the better decision is to actually fight for a debt limit battle, maybe even put default on the line to get concessions from the white...
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Jan 6, 2013
01/13
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KNTV
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the debt ceiling deal back in april of 2011 cuts $38.5 billion in spending. if you scale that down to your family example we just showed you, that would be like paying down $154,000 credit card balance by $385. so bigger automatic cuts are expected in two months, but our next guests, alan simpson and erskine bowles, two men who were on the president's debt commission, think it won't be enough. they say washington missed a magic moment to do something big. they are here to tell us where the fiscal cliff deal falls short. up next, right after this co ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. whatever your business challenge, i've always kept my eye on her... but with so much health care noise, i didn't always watch out for myself. with unitedhealthcare, i get personalized information and rewards for a
the debt ceiling deal back in april of 2011 cuts $38.5 billion in spending. if you scale that down to your family example we just showed you, that would be like paying down $154,000 credit card balance by $385. so bigger automatic cuts are expected in two months, but our next guests, alan simpson and erskine bowles, two men who were on the president's debt commission, think it won't be enough. they say washington missed a magic moment to do something big. they are here to tell us where the...
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107
Jan 7, 2013
01/13
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the debt ceiling deal back in april of 2011 cuts $38.5 billion in spending. if you scale that down to your family example we just showed you, that would be like paying down $154,000 credit card balance by $385. so bigger automatic cuts are expected in two months, but our next guests, alan simpson and erskine bowles, two men who were on the president's debt commission, think it won't be enough. they say washington missed a magic moment to do something big. they are here to tell us where the >>> we are back. joining me now, two of the nation's leading voices on fiscal responsibility, former republican senator alan simpson and former clinton chief of staff erskine bowles. welcome to you both. mr. bowles, let me start with you. you heard leader mcconnell. he said the question of revenue is now over. they have done this fiscal cliff deal, and there's no more concern among republicans about raising more revenue. how do you respond to that? >> well look, i think he's right about a lot of stuff. first of all, we've done all the easy stuff. all of the hard decisions l
the debt ceiling deal back in april of 2011 cuts $38.5 billion in spending. if you scale that down to your family example we just showed you, that would be like paying down $154,000 credit card balance by $385. so bigger automatic cuts are expected in two months, but our next guests, alan simpson and erskine bowles, two men who were on the president's debt commission, think it won't be enough. they say washington missed a magic moment to do something big. they are here to tell us where the...
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Jan 16, 2013
01/13
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FBC
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., much hinges on how washington handles this debt ceiling next. but not all, fitch said that problem is we never seem to get around to deals with the problem behind that mess. quoting fitch a riley, fundamental credit strengths are eroded by large studily declining structure budget deficit, and high and rising public debt. what fitch is not saying, but almost screaming is, the washington sons of fitches are doing not about it, they screamed it. after the cliff, get ready for the crash. i'm not surprised we could still be cut. i'm surprised that fitch has not already done so, john campbell said that triple a rated countries do not we behave this way. i'm surprised it has not already happened. what do you think? >> i know, i just, you know there isal this talk if we get into a big fight over trying to reduce entitlements and making a long-term solution to this, that fitch or some rating agencies may cut our credit rating at this point. if that is what they are doing, they have it backwards. what they should do is they should look at reducing our cre
., much hinges on how washington handles this debt ceiling next. but not all, fitch said that problem is we never seem to get around to deals with the problem behind that mess. quoting fitch a riley, fundamental credit strengths are eroded by large studily declining structure budget deficit, and high and rising public debt. what fitch is not saying, but almost screaming is, the washington sons of fitches are doing not about it, they screamed it. after the cliff, get ready for the crash. i'm not...
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Oct 14, 2013
10/13
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WJZ
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if we get past the debt ceiling without a deal, even if we increase the interest rate on treasuries by one point, that's $120 billion annually. so huge costs to the real economy. there is going to be a cloud, an overhang either way, because whatever deal we get sounds like it's going to be a short-term deal. through the holidays people are going to continue to be nervous. it's going to impact investment. i can't tell you that this ends badly, but i can't tell you that it ends well. >> all right. andrew ross sorkin, i know you'll be watching. thank you fo taking the time. >> thank you. >> as we look at the impact of this at the end of the week, here a poll about reelection. here's the question. would you vote to replace every member of congress if you could? 60% in our poll, 60%, said yes. chuck, you talked about it as a political depression. that is the question for all of you. are we in a political depression? >> well, when eight in ten americans say the country is headed in the wrong direction and we're not in an economic downturn -- we're not in an economic downturn. it is a fragile
if we get past the debt ceiling without a deal, even if we increase the interest rate on treasuries by one point, that's $120 billion annually. so huge costs to the real economy. there is going to be a cloud, an overhang either way, because whatever deal we get sounds like it's going to be a short-term deal. through the holidays people are going to continue to be nervous. it's going to impact investment. i can't tell you that this ends badly, but i can't tell you that it ends well. >> all...
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Jan 6, 2013
01/13
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the debt ceiling deal back in april of 2011 cuts $38.5 billion in spending. if you scale that down to your family example we just showed you, that would be like paying down $164,000 credit card balance by $385. so bigger automatic cuts are expected in two months, but our next guests, alan simpson and erskine bowles, two men who were on the president's debt commission, think it won't be enough. they say washington missed a magic moment to do something big. they are here to tell us where the fiscal cliff deal falls short. up next, right after this commercial break. ] ring. ring. progresso. i just served my mother-in-law your chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind me isn't she? [ male announcer ] progresso. you gotta taste this soup. [ sneezes ] [ sniffles ] [ female announcer ] for everything your face has to face. face it with puffs facial tissues. puffs has air-fluffed pillows for 40% more cushion
the debt ceiling deal back in april of 2011 cuts $38.5 billion in spending. if you scale that down to your family example we just showed you, that would be like paying down $164,000 credit card balance by $385. so bigger automatic cuts are expected in two months, but our next guests, alan simpson and erskine bowles, two men who were on the president's debt commission, think it won't be enough. they say washington missed a magic moment to do something big. they are here to tell us where the...
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Jan 31, 2013
01/13
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MSNBC
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. >>> in the next hour, the senate is expected to vote on and pass the house's debt ceiling deal. a bill that su spends the debt limit for four months and foregoes the threat of default but doesn't end the fiscal threat. sequestration looms large over the capitol. a provision in the bill being voted on today would whoeld house and senate salaries new york city budget, no pay. there's an incentive. joining us is virginia congressman robert scott and, congressman, let's start actually with what we have already looked at and then move forward from there. the fiscal cliff deal that passed which basically extended the bush tax cuts for those under $450,000, modified the state tax, moved the capital gains rate up to 20%, was that a good or bad deal for the american people? >> we don't know yet because what we did is half of the budget. the tax cut part of the budget. we didn't do how to pay for it part of the budget. the problem that we have gotten ourselves in to is people trying to do budgets as if the taxes and spending are unrelated. they keep talking about reducing the size of gove
. >>> in the next hour, the senate is expected to vote on and pass the house's debt ceiling deal. a bill that su spends the debt limit for four months and foregoes the threat of default but doesn't end the fiscal threat. sequestration looms large over the capitol. a provision in the bill being voted on today would whoeld house and senate salaries new york city budget, no pay. there's an incentive. joining us is virginia congressman robert scott and, congressman, let's start actually...
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431
Jan 21, 2013
01/13
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CNBC
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he seems to have been a force forex tending debt ceiling in order to gain some time to negotiate. i think all of that argues in favor of some time to get the right things done. >> chuck gabriel, how did you read or hear the president's passage where he talked about medicare and social security and he said the commitments we make to each other through medicare, medicaid, social security, these things do not zap our initiative, they strengthen it. they do not make us a nation of takers, they free us and make this country great. that felt to me like a bit of a stake in the ground by the president. >> yeah. you know, the president last week cast doubt on whether republicans believe in the principles and functions of social security and medicare, etc. so in some respects i think this is kind of a new, improved version of what president clinton did when he was facing a republican congress. he was talking about family values back in the '90s. he said i want a government that values families. and as the president said, we don't need to relitigate this today, but we need a government that
he seems to have been a force forex tending debt ceiling in order to gain some time to negotiate. i think all of that argues in favor of some time to get the right things done. >> chuck gabriel, how did you read or hear the president's passage where he talked about medicare and social security and he said the commitments we make to each other through medicare, medicaid, social security, these things do not zap our initiative, they strengthen it. they do not make us a nation of takers,...
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Oct 17, 2013
10/13
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MSNBCW
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passage by the house of that budget and debt ceiling deal. we will get his ideas of what he would like to do going forward. his road map is what we expect to hear and that starts in ten minutes and we'll go straight to that when it does happen. as we're waiting for that, reps unleashing fierce reaction at the deal and some members of his own party. john mccain on house gop members who wanted the shutdown and debt fight. >> the problem with their strategy was is that it was a fol's errand. we were not going defund obama care and that's why we had an election in 2012. it was a terrific mistake. we inflicted pain on the american people that was totally unnecessary and we cannot do this again. >> so again, as we wait for the president to speak we want to bring in gop congressman who called the shutdown tactic suicidal in the past. tom cole from oklahoma. good day to you. we had a busy day. what did the republican party here get from the shutdown and debt fight. you heard senator mcdane there. >> frankly, we kept our conference unified. we made th
passage by the house of that budget and debt ceiling deal. we will get his ideas of what he would like to do going forward. his road map is what we expect to hear and that starts in ten minutes and we'll go straight to that when it does happen. as we're waiting for that, reps unleashing fierce reaction at the deal and some members of his own party. john mccain on house gop members who wanted the shutdown and debt fight. >> the problem with their strategy was is that it was a fol's errand....
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Oct 16, 2013
10/13
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CNNW
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eye 29
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standard operating procedure in dealing with budgets and continuing resolutions and debt ceilings has been for one side to take their plan, the other side to thick play ake their plan and to be at the negotiating table and take this out. it's a blatant lack of leadership on full display for the world to see that we have a president who has chosen that he would rather see a shut down than go to the table, who is waiting until the last day to meet everyone at the negotiating table. that is unfortunate. it is something that i wish had not happened. we have continued in good faith to pass a budget every year, to send it to the senate. to pass appropriation bills, which is the way we fill out or budget, send them to the senate. it is the senate that chooses not to take the action. that is harry reid's choice and decision. >> okay. all right. all right. jim heinz. final word to jim heinz. nothing to do with ted cruz or the republicans. in fact, lay it at the house of the white house, it's their fault. >> no, look, it's absurd and there is very few awe mer cans that believe the story this is
standard operating procedure in dealing with budgets and continuing resolutions and debt ceilings has been for one side to take their plan, the other side to thick play ake their plan and to be at the negotiating table and take this out. it's a blatant lack of leadership on full display for the world to see that we have a president who has chosen that he would rather see a shut down than go to the table, who is waiting until the last day to meet everyone at the negotiating table. that is...
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Jan 7, 2013
01/13
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the battle of the raising of the nation's debt ceiling. a deal disappointed dozens of corporate executives part of an organization called fix the debt founded by erskine bowles and allen simpson. among those disappointed is ceo paul stebens, executive chairman of world fuel services. that's an airline services company based in miami. he joins us now. great to have you here. what's wrong with last week's fiscal cliff deal? and do both sides lack the political courage that's needed to really get down to the basics here, to deal with the real issues? >> sure. thanks for having me, thomas. look, a crisis is a terrible thing to waste. we had a moment of time, a moment of opportunity to do something comprehensive and we did not. so we haven't ever gotten to the root cause which is the long-term trajectory of the growing entitlements, spending, when we really need comprehensive reform of those to make them insolvent. we didn't get to the tax code reform. you have the debt ceiling and the sequester. you create a level of uncertainty that in the bu
the battle of the raising of the nation's debt ceiling. a deal disappointed dozens of corporate executives part of an organization called fix the debt founded by erskine bowles and allen simpson. among those disappointed is ceo paul stebens, executive chairman of world fuel services. that's an airline services company based in miami. he joins us now. great to have you here. what's wrong with last week's fiscal cliff deal? and do both sides lack the political courage that's needed to really get...